Jiaxing, China – German machinery manufacturer KraussMaffei (KM) Group has started construction of a new production plant at its existing location in Haiyan, China.
The intelligent manufacturing unit will cover an area of 123,000 square metres and will double the existing production capacity by mid-2020, KM parent company China National Chemical Corp. (CNCP) announced 15 March.
The new plant will build all primary rubber & plastic processing machinery such as injection moulding machines, extruders and reaction molding machines.
It will also supply fully automated turnkey systems with integrated robots and smart technology.
The company currently manufactures 120 units of injection molding machinery, 16 units of reaction process machinery and 122 units of extrusion machinery per year at the site, KraussMaffei told ERJ sister publication Plastics News Europe.
KraussMaffei will also establish its second global product research and development base at the location to meet the needs of emerging market segments.
The manufacturing base will serve as the operating center of KraussMaffei Group in China.
The unit will undertake a series of functions such as technology R&D, design and manufacturing, supply chain management and strategic procurement.
KraussMaffei Group has been mainly engaged in plastic pipe and profile extrusion equipment since its establishment in 2005 in Haiyan, China.
Over the past decade, the group has gradually expanded to meet the needs of the Chinese and overseas markets.
The company was acquired by CNCP, part of ChemChina, in 2016 and was listed on the Shanghai Stock Exchange at the end of 2018, eyeing a 20% growth in China.